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Digital music service iHeartRadio reaches 80 million registered users

SAN FRANCISCO (Reuters) – IHeartRadio, the digital music service for a network of traditional radio stations, announced on Thursday it had more than 80 million registered users in the intensifying fight to court listeners online. Source
Posted On 22 Jan 2016

SAP raises 2017 financial targets as cloud shift presses margins

WALLDORF, Germany (Reuters) – German software maker SAP on Friday raised its 2017 outlook for revenue and profit to the upper end of expectations, highlighting its progress in turning itself into an Internet-based, cloud supplier from a packaged software firm. Source
Posted On 22 Jan 2016

Fewer orders at Apple suppliers could signal first iPhone sales decline

TAIPEI (Reuters) – Some of Apple Inc’s main Asian suppliers expect revenues and orders to drop this quarter, indicating iPhone sales are almost certain to post their first annual decline since the flagship product was launched almost a decade ago. Source
Posted On 22 Jan 2016

Australia’s ASX set to lead in blockchain for public companies

SYDNEY (Reuters) – Australian markets operator ASX Ltd on Friday said it has bought a minority stake in a U.S. blockchain developer, positioning itself to become the first stock exchange in the world to use distributed ledger technology for public companies. Source
Posted On 22 Jan 2016

Japan Display to produce OLED smartphone panels from 2018

TOKYO (Reuters) – Japan Display Inc said it will begin mass production of organic light emitting diode (OLED) panels in 2018, aiming to catch up with Korean rivals amid speculation Apple Inc may adopt such screens for its iPhones soon. Source
Posted On 22 Jan 2016

Oracle lawyer says Google’s Android generated $31 billion revenue

SAN FRANCISCO (Reuters) – Google’s Android operating system has generated revenue of about $31 billion and profit of $22 billion since its release, an Oracle Corp lawyer told a U.S. court hearing the software company’s copyright lawsuit against Google. Source
Posted On 22 Jan 2016

U.S. judge urges early end to first GM ignition-switch trial

NEW YORK (Reuters) – A U.S. judge on Thursday urged parties in the first federal trial over a faulty General Motors ignition switch to consider resolving the case before it reaches a verdict, after evidence surfaced that cast doubt on testimony from the plaintiff bringing...
Posted On 22 Jan 2016

Yahoo to decide next strategic steps after quarterly earnings: sources

(Reuters) – Yahoo Inc will decide on its next strategic steps only after releasing quarterly earnings on Feb. 2, people familiar with the matter said, as the company continues to resist investor calls to explore a sale of its core Internet assets. Source
Posted On 22 Jan 2016

Market Close Report: NASDAQ trading volume joins the top ten ranking for the year. NASDAQ Composite Index closes at 4,476.95

Today’s session closes with the NASDAQ Composite Index volume reaching the 10th place in the top ten list for this year. The last time the index closed above 0.41 billion shares was on Jan 11 2016. The total shares Source
Posted On 22 Jan 2016

Alibaba Opens A Physical Store: Eyeing A Broader Market?

As the global retail e commerce market continues to grow, it is expected to reach $2.5 trillion by 2018. However, it would represent less than 10% of the total global retail market. China is the world’s fastest growing e Source
Posted On 22 Jan 2016